Home › Companies › NATURAL GROCERS BY VITAMIN COTTAGE INC. › 2023-2024

NATURAL GROCERS BY VITAMIN COTTAGE INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and NATURAL GROCERS BY VITAMIN COTTAGE INC.’s Form 8-K, filed March 12, 2024 (Item 5.07 on EDGAR). Page generated October 14, 2026.

7Reported items
140Asset managers
1,256Fund votes
March 6, 2024Meeting date

Results at a glance

Meeting of March 6, 2024: 6 items on NATURAL GROCERS BY VITAMIN COTTAGE INC.’s Form 8-K, filed March 12, 2024: 2 approved · 4 without a stated outcome.

Material dissent

Elect Director: Heather Isely 74% of votes cast Outcome not stated Director under 80%
Elect Director: Kemper Isely 74% of votes cast Outcome not stated Director under 80%

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024

Explore NATURAL GROCERS BY VITAMIN COTTAGE INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by NATURAL GROCERS BY VITAMIN COTTAGE INC.

These tallies are NATURAL GROCERS BY VITAMIN COTTAGE INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed March 12, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

NATURAL GROCERS BY VITAMIN COTTAGE INC. — official shareholder meeting results, meeting held March 6, 2024
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Heather Isely	15,283,849	--	--	5,247,296	1,083,102	74%	Not verified	—
Elect Director: Kemper Isely	15,262,363	--	--	5,268,782	1,083,102	74%	Not verified	—
Elect Director: Edward Cerkovnik	18,481,117	--	--	2,050,028	1,083,102	90%	Not verified	—
2. To ratify the appointment of KPMG LLP ("KPMG") as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024 ("Proposal No. 2")	21,424,440	170,661	19,146	--	--	99.2%	Approved	—
3. To approve, on an advisory basis, the compensation paid to our named executive officers ("Proposal No. 3")	20,401,188	107,047	22,910	--	1,083,102	99.4%	Approved	—
5. To approve amendments to the 2012 Plan to: (i) increase the aggregate number of shares of the Company's Common Stock reserved for issuance thereunder by 600,000 shares and (ii) extend the term of the 2012 Plan by seven years to July 19, 2034 ("Proposal No.	19,450,856	1,036,887	43,402	--	1,083,102	95%	Not verified	—

Source: NATURAL GROCERS BY VITAMIN COTTAGE INC., Form 8-K, filed with the SEC on March 12, 2024 — read the filing on EDGAR.

How asset managers voted at the NATURAL GROCERS BY VITAMIN COTTAGE INC. 2023-2024 meeting

Each item below shows how the 140 asset managers that disclosed a NATURAL GROCERS BY VITAMIN COTTAGE INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of NATURAL GROCERS BY VITAMIN COTTAGE INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director: Edward Cerkovnik

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%

FOR: 18,481,117WITHHELD: 2,050,028

Details: description as filed, official tally, votes by 51 asset managers

Description as filed by funds: Election of Directors: Edward Cerkovnik

NATURAL GROCERS BY VITAMIN COTTAGE INC.’s own tally for this item (“Elect Director: Edward Cerkovnik”): 18,481,117 for, 2,050,028 withheld, per its Form 8-K filed March 12, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 90% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 51 asset managers below reported 2,307,699 for, 1,180,691 withheld, 3,949 abstained.

FORWITHHOLD

FOR: 2,307,699ABSTAIN: 3,949WITHHOLD: 1,180,691

Largest asset managers voting on “Election of Directors: Edward Cerkovnik” at NATURAL GROCERS BY VITAMIN COTTAGE INC., 2023-2024
Asset manager	For	Withheld	Vote
Dimensional	1,148,323	0	For
Vanguard	0	625,914	Withhold
BlackRock	0	356,083	Withhold
Fidelity	173,905	32,742	Mixed
American Century	160,184	0	For
WisdomTree	147,820	0	For
SEI	92,207	0	For
BRIDGEWAY FUNDS INC	0	90,300	Withhold
FIRST EAGLE FUNDS	76,568	0	For
EA Series Trust	61,648	0	For
Invesco	60,124	0	For
HOTCHKIS & WILEY FUNDS /DE/	59,400	0	For
Goldman Sachs	56,416	0	For
Principal	48,364	0	For
RBC FUNDS TRUST	47,660	0	For
Equitable	16,020	16,128	Mixed
TIAA	0	30,301	Withhold
Russell Investments	28,436	0	For
Charles Schwab	26,210	0	For
Columbia Threadneedle	23,400	0	For
QUANTITATIVE MASTER SERIES LLC	0	17,991	Withhold
Prudential/PGIM	15,700	0	For
Lincoln Financial	14,286	0	For
Jackson National	8,641	0	For
Northern Trust	0	5,890	Withhold

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

2. Elect Director: Heather Isely

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

74% Majority: yes · of votes cast

FOR 74%WITHHELD

FOR: 15,283,849WITHHELD: 5,247,296

Details: description as filed, official tally, votes by 51 asset managers

Description as filed by funds: Election of Directors: Heather Isely

NATURAL GROCERS BY VITAMIN COTTAGE INC.’s own tally for this item (“Elect Director: Heather Isely”): 15,283,849 for, 5,247,296 withheld, per its Form 8-K filed March 12, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 74% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 51 asset managers below reported 723,566 for, 2,745,711 withheld, 23,062 abstained.

FORWITHHOLD

FOR: 723,566ABSTAIN: 23,062WITHHOLD: 2,745,711

Largest asset managers voting on “Election of Directors: Heather Isely” at NATURAL GROCERS BY VITAMIN COTTAGE INC., 2023-2024
Asset manager	For	Abstain	Withheld	Vote
Dimensional	0	0	1,148,323	Withhold
Vanguard	0	0	625,914	Withhold
BlackRock	356,083	0	0	For
Fidelity	0	0	206,647	Withhold
American Century	0	0	160,184	Withhold
WisdomTree	147,820	0	0	For
SEI	0	0	92,207	Withhold
BRIDGEWAY FUNDS INC	0	0	90,300	Withhold
FIRST EAGLE FUNDS	0	0	76,568	Withhold
EA Series Trust	61,648	0	0	For
Invesco	0	0	60,124	Withhold
HOTCHKIS & WILEY FUNDS /DE/	0	0	59,400	Withhold
Goldman Sachs	0	0	56,416	Withhold
Principal	0	0	48,364	Withhold
RBC FUNDS TRUST	47,660	0	0	For
Equitable	32,148	0	0	For
TIAA	0	0	30,301	Withhold
Russell Investments	28,436	0	0	For
Charles Schwab	0	0	26,210	Withhold
Columbia Threadneedle	23,400	0	0	For
QUANTITATIVE MASTER SERIES LLC	17,991	0	0	For
Prudential/PGIM	0	0	15,700	Withhold
Lincoln Financial	0	0	14,286	Withhold
Jackson National	0	8,641	0	Abstain
Northern Trust	0	0	5,890	Withhold

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

3. Elect Director: Kemper Isely

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

74% Majority: yes · of votes cast

FOR 74%WITHHELD

FOR: 15,262,363WITHHELD: 5,268,782

Details: description as filed, official tally, votes by 51 asset managers

Description as filed by funds: Election of Directors: Kemper Isely

NATURAL GROCERS BY VITAMIN COTTAGE INC.’s own tally for this item (“Elect Director: Kemper Isely”): 15,262,363 for, 5,268,782 withheld, per its Form 8-K filed March 12, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 51 asset managers below reported 675,906 for, 2,745,711 withheld, 70,722 abstained.

FORWITHHOLD

FOR: 675,906ABSTAIN: 70,722WITHHOLD: 2,745,711

Largest asset managers voting on “Election of Directors: Kemper Isely” at NATURAL GROCERS BY VITAMIN COTTAGE INC., 2023-2024
Asset manager	For	Abstain	Withheld	Vote
Dimensional	0	0	1,148,323	Withhold
Vanguard	0	0	625,914	Withhold
BlackRock	356,083	0	0	For
Fidelity	0	0	206,647	Withhold
American Century	0	0	160,184	Withhold
WisdomTree	147,820	0	0	For
SEI	0	0	92,207	Withhold
BRIDGEWAY FUNDS INC	0	0	90,300	Withhold
FIRST EAGLE FUNDS	0	0	76,568	Withhold
EA Series Trust	61,648	0	0	For
Invesco	0	0	60,124	Withhold
HOTCHKIS & WILEY FUNDS /DE/	0	0	59,400	Withhold
Goldman Sachs	0	0	56,416	Withhold
Principal	0	0	48,364	Withhold
RBC FUNDS TRUST	0	47,660	0	Abstain
Equitable	32,148	0	0	For
TIAA	0	0	30,301	Withhold
Russell Investments	28,436	0	0	For
Charles Schwab	0	0	26,210	Withhold
Columbia Threadneedle	23,400	0	0	For
QUANTITATIVE MASTER SERIES LLC	17,991	0	0	For
Prudential/PGIM	0	0	15,700	Withhold
Lincoln Financial	0	0	14,286	Withhold
Jackson National	0	8,641	0	Abstain
Northern Trust	0	0	5,890	Withhold

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

4. 5. To approve amendments to the 2012 Plan to: (i) increase the aggregate number of shares of the Company's Common Stock…

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 19,450,856AGAINST: 1,036,887

Details: description as filed, official tally, votes by 55 asset managers

Description as filed by funds: TO APPROVE AMENDMENTS TO THE NATURAL GROCERS BY VITAMIN COTTAGE, INC. 2012 OMNIBUS INCENTIVE PLAN (THE "2012 PLAN") TO: (I) INCREASE THE AGGREGATE NUMBER OF SHARES OF THE COMPANY'S COMMON STOCK, $0.001 PAR VALUE PER SHARE, RESERVED FOR ISSUANCE THEREUNDER BY 600,000 SHARES AND (II) EXTEND THE TERM OF THE 2012 PLAN BY SEVEN YEARS.

NATURAL GROCERS BY VITAMIN COTTAGE INC.’s own tally for this item (“5. To approve amendments to the 2012 Plan to: (i) increase the aggregate number of shares of the Company's Common Stock reserved for issuance thereunder by 600,000 shares and (ii) extend the term of the 2012 Plan by seve”): 19,450,856 for, 1,036,887 against, per its Form 8-K filed March 12, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 55 asset managers below reported 3,185,302 for, 405,189 against.

FOR

FOR: 3,185,302AGAINST: 405,189

Largest asset managers voting on “TO APPROVE AMENDMENTS TO THE NATURAL GROCERS BY VITAMIN COTTAGE, INC. 2012 OMNIBUS INCENTIVE PLAN (THE "2012 P” at NATURAL GROCERS BY VITAMIN COTTAGE INC., 2023-2024
Asset manager	For	Against	Vote
Dimensional	1,148,323	0	For
Vanguard	625,914	0	For
BlackRock	356,083	0	For
Fidelity	32,742	173,905	Mixed
American Century	0	160,184	Against
WisdomTree	147,820	0	For
SEI	92,207	0	For
BRIDGEWAY FUNDS INC	90,300	0	For
FIRST EAGLE FUNDS	76,568	0	For
Investment Managers Series Trust II	73,762	0	For
EA Series Trust	61,648	0	For
Invesco	60,124	0	For
HOTCHKIS & WILEY FUNDS /DE/	59,400	0	For
Goldman Sachs	56,416	0	For
Principal	48,364	0	For
RBC FUNDS TRUST	0	47,660	Against
Equitable	32,148	0	For
TIAA	30,301	0	For
Russell Investments	28,436	0	For
Charles Schwab	26,210	0	For
Columbia Threadneedle	0	23,400	Against
QUANTITATIVE MASTER SERIES LLC	17,991	0	For
TETON WESTWOOD FUNDS	16,000	0	For
Prudential/PGIM	15,700	0	For
Lincoln Financial	14,286	0	For

Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.

5. 3. To approve, on an advisory basis, the compensation paid to our named executive officers ("Proposal No. 3")

Official result Fund totals may overlapDIRECTOR ELECTIONSCOMPENSATIONReported outcome: Approved

Combines 5 wordings of this item as funds reported it.

99.4% Approved · of votes cast

FOR 99.4%

FOR: 20,401,188AGAINST: 107,047

Details: description as filed, official tally, votes by 138 asset managers

Description as filed by funds: TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS.

NATURAL GROCERS BY VITAMIN COTTAGE INC.’s own tally for this item (“3. To approve, on an advisory basis, the compensation paid to our named executive officers ("Proposal No. 3")”): 20,401,188 for, 107,047 against — passed, per its Form 8-K filed March 12, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “2 The Company's stockholders approved Proposal No. 3.”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports: 53 asset managers voting on “TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS.” at NATURAL GROCERS BY VITAMIN COTTAGE INC., 2023-2024
Asset manager	For	Vote
Dimensional	1,148,323	For
Vanguard	625,914	For
BlackRock	356,083	For
Fidelity	206,647	For
American Century	160,184	For
WisdomTree	147,820	For
SEI	92,207	For
BRIDGEWAY FUNDS INC	90,300	For
FIRST EAGLE FUNDS	76,568	For
Investment Managers Series Trust II	73,762	For
EA Series Trust	61,648	For
Invesco	60,124	For
HOTCHKIS & WILEY FUNDS /DE/	59,400	For
Goldman Sachs	56,416	For
Principal	48,364	For
RBC FUNDS TRUST	47,660	For
Equitable	32,148	For
TIAA	30,301	For
Russell Investments	28,436	For
Charles Schwab	26,210	For
Columbia Threadneedle	23,400	For
QUANTITATIVE MASTER SERIES LLC	17,991	For
TETON WESTWOOD FUNDS	16,000	For
Prudential/PGIM	15,700	For
Lincoln Financial	14,286	For

Fund voting reports, all 53 managers: 3,585,571 for, 875 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 100 asset managers voting on “TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS.” at NATURAL GROCERS BY VITAMIN COTTAGE INC., 2023-2024
Asset manager	For	Against	Vote
Renaissance	474,895	0	For
BlackRock	252,468	0	For
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	191,200	0	For
GEODE CAPITAL MANAGEMENT, LLC	184,927	0	For
Hillsdale Investment Management Inc.	175,418	0	For
State Street	170,331	0	For
American Century	160,224	0	For
Dimensional	141,704	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	103,643	0	For
AMERIPRISE FINANCIAL INC	99,183	0	For
SEI	94,109	0	For
First Eagle Investment Management, LLC	81,901	0	For
LSV ASSET MANAGEMENT	73,650	0	For
Invesco	62,530	0	For
Freedom Investment Management, Inc.	59,312	0	For
Two Sigma	58,219	0	For
Crestwood Advisors Group, LLC	53,565	0	For
Man Group plc	0	52,250	Against
DE Shaw	51,768	0	For
EAM Investors, LLC	49,799	0	For
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	34,429	0	For
Fidelity	33,748	0	For
MARSHALL WACE, LLP	0	33,230	Against
Janney Montgomery Scott LLC	32,777	0	For
MELLON INVESTMENTS Corp	32,759	0	For

Institutional-manager reports, all 100 managers: 3,014,623 for, 99,340 against, 6,331 1 year. Showing the 25 largest; see all in the interactive database.

6. TO HOLD AN ADVISORY VOTE ON THE FREQUENCY OF FUTURE STOCKHOLDER ADVISORY VOTES REGARDING THE COMPENSATION PAID TO OUR…

No official match Fund totals may overlapDIRECTOR ELECTIONSCOMPENSATION

Combines 3 wordings of this item as funds reported it.

100% Fund and manager reports combined; may count the same shares twice · no official result

1 YEAR3 YEAR

Details: description as filed, votes by 133 asset managers

Description as filed by funds: TO HOLD AN ADVISORY VOTE ON THE FREQUENCY OF FUTURE STOCKHOLDER ADVISORY VOTES REGARDING THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 52 asset managers voting on “TO HOLD AN ADVISORY VOTE ON THE FREQUENCY OF FUTURE STOCKHOLDER ADVISORY VOTES REGARDING THE COMPENSATION PAID” at NATURAL GROCERS BY VITAMIN COTTAGE INC., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
Dimensional	0	0	0	0	--
Vanguard	0	0	0	0	--
BlackRock	0	0	0	0	--
Fidelity	0	0	0	0	--
American Century	0	0	0	0	--
WisdomTree	0	0	0	0	--
SEI	0	0	0	0	--
BRIDGEWAY FUNDS INC	0	0	0	0	--
FIRST EAGLE FUNDS	0	0	0	0	--
EA Series Trust	0	0	0	0	--
Invesco	0	0	0	0	--
HOTCHKIS & WILEY FUNDS /DE/	0	0	0	0	--
Goldman Sachs	0	0	0	0	--
Principal	0	0	0	0	--
RBC FUNDS TRUST	0	0	0	0	--
Equitable	0	0	0	0	--
TIAA	0	0	0	0	--
Russell Investments	0	0	0	0	--
Charles Schwab	0	0	0	0	--
Columbia Threadneedle	0	0	0	0	--
QUANTITATIVE MASTER SERIES LLC	0	0	0	0	--
TETON WESTWOOD FUNDS	0	0	0	0	--
Prudential/PGIM	0	0	0	0	--
Lincoln Financial	0	0	0	0	--
Jackson National	0	0	0	0	--

Fund voting reports, all 52 managers: 4,950 for, 2,160,396 1 year, 1,347,338 3 year. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 96 asset managers voting on “TO HOLD AN ADVISORY VOTE ON THE FREQUENCY OF FUTURE STOCKHOLDER ADVISORY VOTES REGARDING THE COMPENSATION PAID” at NATURAL GROCERS BY VITAMIN COTTAGE INC., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
Renaissance	0	0	0	0	--
BlackRock	0	0	0	0	--
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	0	0	0	0	--
GEODE CAPITAL MANAGEMENT, LLC	0	0	0	0	--
Hillsdale Investment Management Inc.	0	0	0	0	--
State Street	0	0	0	0	--
American Century	0	0	0	0	--
Dimensional	0	0	0	0	--
PARAMETRIC PORTFOLIO ASSOCIATES LLC	0	0	0	0	--
AMERIPRISE FINANCIAL INC	0	0	0	0	--
SEI	0	0	0	0	--
First Eagle Investment Management, LLC	0	0	0	0	--
LSV ASSET MANAGEMENT	0	0	0	0	--
Invesco	0	0	0	0	--
Freedom Investment Management, Inc.	0	0	0	0	--
Two Sigma	0	0	0	0	--
Crestwood Advisors Group, LLC	0	0	0	0	--
Man Group plc	0	0	0	0	--
DE Shaw	0	0	0	0	--
EAM Investors, LLC	0	0	0	0	--
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	0	0	0	0	--
Fidelity	0	0	0	0	--
MARSHALL WACE, LLP	0	0	0	0	--
Janney Montgomery Scott LLC	0	0	0	0	--
MELLON INVESTMENTS Corp	0	0	0	0	--

Institutional-manager reports, all 96 managers: 6,331 for, 2,780,345 1 year, 324,741 3 year. Showing the 25 largest; see all in the interactive database.

7. 2. To ratify the appointment of KPMG LLP ("KPMG") as the Company's independent registered public accounting firm for…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 6 wordings of this item as funds reported it.

99.2% Approved · of votes cast

FOR 99.2%

FOR: 21,424,440AGAINST: 170,661

Details: description as filed, official tally, votes by 54 asset managers

Description as filed by funds: TO RATIFY THE APPOINTIMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2024.

NATURAL GROCERS BY VITAMIN COTTAGE INC.’s own tally for this item (“2. To ratify the appointment of KPMG LLP ("KPMG") as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024 ("Proposal No. 2")”): 21,424,440 for, 170,661 against — passed, per its Form 8-K filed March 12, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The Company's stockholders approved Proposal No. 2.”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 54 asset managers below reported 3,525,403 for, 61,648 against.

FOR

FOR: 3,525,403AGAINST: 61,648

Largest asset managers voting on “TO RATIFY THE APPOINTIMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE ” at NATURAL GROCERS BY VITAMIN COTTAGE INC., 2023-2024
Asset manager	For	Against	Vote
Dimensional	1,148,323	0	For
Vanguard	625,914	0	For
BlackRock	356,083	0	For
Fidelity	206,647	0	For
American Century	160,184	0	For
WisdomTree	147,820	0	For
SEI	92,207	0	For
BRIDGEWAY FUNDS INC	90,300	0	For
FIRST EAGLE FUNDS	76,568	0	For
Investment Managers Series Trust II	73,762	0	For
EA Series Trust	0	61,648	Against
Invesco	60,124	0	For
HOTCHKIS & WILEY FUNDS /DE/	59,400	0	For
Goldman Sachs	56,416	0	For
Principal	48,364	0	For
RBC FUNDS TRUST	47,660	0	For
Equitable	32,148	0	For
TIAA	30,301	0	For
Russell Investments	28,436	0	For
Charles Schwab	26,210	0	For
Columbia Threadneedle	23,400	0	For
QUANTITATIVE MASTER SERIES LLC	17,991	0	For
TETON WESTWOOD FUNDS	16,000	0	For
Prudential/PGIM	15,700	0	For
Lincoln Financial	14,286	0	For

Showing the 25 largest of 54 asset managers. See all 54 in the interactive database.

Largest NATURAL GROCERS BY VITAMIN COTTAGE INC. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 22,752,413 shares outstanding at the time of that meeting.

Fund voting reports: top NATURAL GROCERS BY VITAMIN COTTAGE INC. shareholders by shares voted on “TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS.”, 2023-2024
#	Asset manager	% of shares outstanding
1	Dimensional	5.05%
2	Vanguard	2.75%
3	BlackRock	1.57%
4	Fidelity	0.91%
5	American Century	0.70%
6	WisdomTree	0.65%
7	SEI	0.41%
8	BRIDGEWAY FUNDS INC	0.40%
9	FIRST EAGLE FUNDS	0.34%
10	Investment Managers Series Trust II	0.32%

Institutional-manager reports: top NATURAL GROCERS BY VITAMIN COTTAGE INC. shareholders by shares voted on “TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS.”, 2023-2024
#	Asset manager	% of shares outstanding
1	Renaissance	2.09%
2	BlackRock	1.11%
3	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	0.84%
4	GEODE CAPITAL MANAGEMENT, LLC	0.81%
5	Hillsdale Investment Management Inc.	0.77%
6	State Street	0.75%
7	American Century	0.70%
8	Dimensional	0.62%
9	PARAMETRIC PORTFOLIO ASSOCIATES LLC	0.46%
10	AMERIPRISE FINANCIAL INC	0.44%

Reported NATURAL GROCERS BY VITAMIN COTTAGE INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

NATURAL GROCERS BY VITAMIN COTTAGE INC. holdings and ownership disclosed for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
Dimensional Fund Advisors	5.89%	13F
BlackRock	4.05%	13F
Vanguard Group	3.34%	13F
Renaissance Technologies	2.59%	13F
Goldman Sachs	1.14%	13F
State Street	0.84%	13F
Geode Capital	0.82%	13F
BNY Mellon	0.78%	13F
Morgan Stanley	0.62%	13F
Northern Trust	0.37%	13F

Percentages above are of 22,752,413 shares outstanding, as reported by NATURAL GROCERS BY VITAMIN COTTAGE INC. on its Form 10-Q dated February 5, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from NATURAL GROCERS BY VITAMIN COTTAGE INC.’s 10-Q dated February 5, 2024. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At NATURAL GROCERS BY VITAMIN COTTAGE INC.'s shareholder meeting held March 6, 2024, in the 2023-2024 proxy season, 140 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,256 separate fund positions. Their filings are grouped here into 7 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS. — NATURAL GROCERS BY VITAMIN COTTAGE INC.'s filing reports the proposal as approved, with 99.4% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: NATURAL GROCERS BY VITAMIN COTTAGE INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on March 12, 2024.

NATURAL GROCERS BY VITAMIN COTTAGE INC. proxy season coverage: 2023-2024 (this page).

Download data (CSV): ballot items · votes by manager · column guide.